Cambricon: An Increase of 200 Million Yuan in Capital for Its Wholly-owned Subsidiary

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Data Jinshi, 22 November, Hanwuji announced that the company has decided to use a total of 200 million yuan of raised funds and its own funds to increase the capital of its wholly-owned subsidiary, Shanghai Hanwuji Information Technology Co., Ltd. Among them, 15 million yuan is raised funds and 185 million yuan is self-owned funds. After the capital increase, the registered capital of Shanghai Hanwuji will increase to 2.6 billion yuan, and it will still be a wholly-owned subsidiary of the company. This capital increase is aimed at supporting the smooth implementation of the fundraising project and will not have any adverse effects on the company's operations. The capital increase has been approved by the company's board of directors and supervisory board, and does not require the approval of the shareholders' meeting. After the capital increase, the raised funds will continue to be managed in a special account to ensure that their use complies with legal and regulatory requirements.

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